Gold prices are expected to scale record highs next year as the asset's bullish fundamentals trump the current macroeconomic uncertainty that led to a recent selloff in the precious metal, says a commodities fund manager.
The slump in gold last month has resulted in a "wash-out" of speculators in favour of more stable long-term buyers like exchange-traded funds and central banks, said Diego Parilla, chief investment officer of new Singapore-based commodities hedge fund NARECO Advisors..............................................Full Article: Source